Transmarket Holdings LP Makes New $3 Million Investment in Integer Holdings Corporation $ITGR

Transmarket Holdings LP purchased a new stake in shares of Integer Holdings Corporation (NYSE:ITGR) during the 3rd quarter, Holdings Channel reports. The fund purchased 23,775 shares of the medical equipment provider’s stock, valued at approximately $3,004,000. Integer comprises 1.7% of Transmarket Holdings LP’s investment portfolio, making the stock its 12th biggest position.

Several other hedge funds have also added to or reduced their stakes in ITGR. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Integer in the second quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in Integer by 48.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 360 shares of the medical equipment provider’s stock valued at $32,000 after purchasing an additional 117 shares during the period. Harbor Investment Advisory LLC acquired a new position in Integer during the 2nd quarter valued at about $42,000. Global Retirement Partners LLC acquired a new position in Integer during the 2nd quarter valued at about $46,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Integer in the 2nd quarter valued at about $48,000. Institutional investors own 99.29% of the company’s stock.

Integer Price Performance

Shares of ITGR opened at $126.59 on Thursday. The firm has a market capitalization of $4.30 billion, a PE ratio of 34.59, a P/E/G ratio of 2.41 and a beta of 0.58. Integer Holdings Corporation has a 52-week low of $62.00 and a 52-week high of $126.83. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.41 and a current ratio of 3.73. The stock has a 50 day simple moving average of $126.18 and a 200 day simple moving average of $100.40.

Integer (NYSE:ITGR) last issued its quarterly earnings data on Monday, August 3rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.22. The company had revenue of $464.11 million during the quarter, compared to the consensus estimate of $451.07 million. Integer had a net margin of 6.97% and a return on equity of 12.79%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. Sell-side analysts predict that Integer Holdings Corporation will post 6.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Andrew Senn sold 9,408 shares of Integer stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $126.30, for a total value of $1,188,230.40. Following the sale, the insider directly owned 5,405 shares in the company, valued at $682,651.50. This trade represents a 63.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kirk Thor sold 11,767 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $126.23, for a total transaction of $1,485,348.41. Following the sale, the insider directly owned 7,153 shares in the company, valued at $902,923.19. This trade represents a 62.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,948 shares of company stock worth $5,169,920 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Integer from $84.00 to $127.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. Truist Financial downgraded Integer from a “buy” rating to a “hold” rating and increased their price target for the company from $110.00 to $127.00 in a research note on Monday, August 3rd. Benchmark lowered Integer from a “buy” rating to a “hold” rating in a research report on Thursday, August 13th. Freedom Capital lowered Integer from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial cut Integer from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.67.

Integer Profile

Integer Holdings Corporation (NYSE: ITGR) is a global medical device and advanced energy technology company. It partners with original equipment manufacturers to design and manufacture components, subassemblies and finished products used in minimally invasive and implantable medical devices.

Its medical technologies include batteries and power systems for pacemakers, implantable cardioverter-defibrillators, neurostimulators and drug-delivery systems, as well as catheter and guidewire components, coated wire, electrodes and other products used in cardiovascular, neuromodulation and other medical applications.

Integer also develops specialty batteries and power solutions for markets such as energy, aerospace and defense.